FURTHER LIMITATIONS ON DISPOSITION definition
FURTHER LIMITATIONS ON DISPOSITION. Without in any way limiting the representations set forth above, Employee further agrees not to make any disposition of all or any portion of the common stock being purchased hereunder except in compliance with applicable state securities laws and unless and until:
(a) a registration statement under the Securities Act is then in effect covering such proposed disposition and such disposition is made in accordance with such registration statement;
(b) such disposition is made in accordance with Rule 144 under the Securities Act; or
(c) Employee shall have notified the Company of the proposed disposition and shall have furnished the Company with a statement of the circumstances surrounding the proposed disposition, and, if requested by the Company, Employee shall have furnished the Company with an opinion of counsel acceptable to the Company, that such disposition will not require registration under the Securities Act and will be in compliance with applicable state securities laws.